NNPC urges NAPE to explore new oil basins

The Group Managing Director, Nigerian National Petroleum Corporation (NNPC) Dr. Maikanti Baru has urged the National Association of Petroleum Explorationists (NAPE) to explore the hydrocarbon potential of green frontier basins in order to increase depleting reserves in the country.

Baru spoke when he received the leadership of NAPE led by its National President, Mr. Nosa Omorodion at the NNPC Towers, Abuja, yesterday.

He described the association as a very important party in the oil and gas industry, helping in policy promoting as well as formulation, that have led to the growth of exploration of hydrocarbon resources in the country.

He urged NAPE to play a key role in promoting public private partnership (PPP) in the exploration of some of the green frontier basins noting that the Federal Government would be willing to make provisions for incentives for such prospective investors.

Earlier, Mr. Omorodion said the primary objective of the association was to promote excellent ideas in the exploration of hydrocarbon which has contributed to the passage of landmark legislations such as the Local Content Act.

He congratulated the GMD on his appointment saying that NAPE will confer on him a honourary membership award which is the highest award from the association due to his outstanding track records in the oil and gas industry later this year.